Bloomberg, citing people familiar with the matter, reported that ThyssenKrupp has narrowed the bidders for its US and Brazilian assets

As per report “Cia Siderurgica Nacional SAis planning a binding offer for both a site in Alabama and a plant in the state of Rio de Janeiro without the direct financial support of the Brazilian development bank, known as BNDES. The company intends to make a USD 3 billion offer in May.”

The report added “Ternium has already made a binding bid for the Brazilian plant. ArcelorMittal with Nippon Steel & Sumitomo Metal Corp and US Steel Corp are in the running for the US site, while JFE Holdings Inc and Nucor are out of the running.”

The report also said that “ThyssenKrupp plans to select a winner before a board meeting scheduled for the middle of May.”